Nelnet, Inc. (NNI)

Solvency & Capital Structure

Total Debt

$7.70B

Net Debt

$7.58B

Nelnet, Inc. currently has $7.70B in total debt. Net debt is $7.58B after cash offsets.

Financial Fundamentals

NNI • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	7.70	0.12	7.58	14.18	54.3%
2025-12-31	7.79	0.97	6.82	14.06	55.4%
2025-09-30	7.82	1.37	6.45	13.88	56.4%
2025-06-30	7.90	1.31	6.60	13.71	57.6%
2025-03-31	8.66	1.26	7.40	14.19	61.0%
2024-12-31	8.31	1.18	7.13	13.78	60.3%
2024-09-30	8.94	1.15	7.79	14.08	63.5%
2024-06-30	9.57	1.03	8.53	14.50	66.0%
2024-03-31	10.58	1.16	9.42	15.40	68.7%
2023-12-31	11.83	1.11	10.72	16.71	70.8%
2023-09-30	12.45	1.25	11.20	17.22	72.3%
2023-06-30	13.07	1.17	11.90	17.81	73.4%
2023-03-31	13.44	1.26	12.18	18.08	74.3%
2022-12-31	14.64	1.51	13.13	19.37	75.6%
2022-09-30	15.04	1.44	13.60	19.56	76.9%
2022-06-30	16.12	1.42	14.69	20.62	78.1%
2022-03-31	16.74	1.10	15.64	20.99	79.7%
2021-12-31	17.65	1.06	16.59	21.68	81.4%
2021-09-30	18.61	0.97	17.64	22.40	83.1%
2021-06-30	19.38	0.89	18.49	23.03	84.2%
2021-03-31	18.75	0.52	18.23	22.17	84.6%
2020-12-31	19.34	0.47	18.87	22.65	85.4%
2020-09-30	19.22	0.28	18.94	22.22	86.5%
2020-06-30	19.73	0.21	19.52	22.61	87.2%
2020-03-31	20.47	0.26	20.20	23.28	87.9%
2019-12-31	20.53	0.19	20.34	23.71	86.6%
2019-09-30	20.91	0.21	20.70	23.94	87.4%
2019-06-30	21.29	0.14	21.16	24.22	87.9%
2019-03-31	21.84	0.13	21.71	24.72	88.3%
2018-12-31	22.22	0.19	22.03	25.22	88.1%
2018-09-30	22.25	0.16	22.09	25.10	88.6%
2018-06-30	22.47	0.17	22.30	25.21	89.1%
2018-03-31	21.23	0.17	21.06	23.90	88.8%
2017-12-31	21.36	0.15	21.21	23.96	89.1%
2017-09-30	22.24	0.33	21.91	24.77	89.8%
2017-06-30	22.79	0.19	22.60	25.32	90.0%
2017-03-31	23.59	0.23	23.36	26.14	90.3%
2016-12-31	24.67	0.18	24.49	27.18	90.8%
2016-09-30	25.32	0.18	25.14	27.67	91.5%
2016-06-30	26.40	0.19	26.21	28.72	91.9%
2016-03-31	27.35	0.16	27.19	29.59	92.4%
2015-12-31	28.17	0.21	27.96	30.49	92.4%
2015-09-30	28.83	0.21	28.62	31.05	92.9%
2015-06-30	28.07	0.28	27.79	30.25	92.8%
2015-03-31	27.82	0.24	27.58	29.96	92.9%
2014-12-31	28.03	0.27	27.76	30.10	93.1%
2014-09-30	28.74	0.21	28.53	30.70	93.6%
2014-06-30	29.49	0.23	29.27	31.37	94.0%
2014-03-31	25.59	0.26	25.33	27.49	93.1%
2013-12-31	25.96	0.24	25.71	27.77	93.5%
2013-09-30	24.86	0.05	24.81	26.54	93.7%
2013-06-30	24.69	0.07	24.62	26.30	93.9%
2013-03-31	25.13	0.20	24.93	26.65	94.3%
2012-12-31	25.10	0.14	24.96	26.61	94.3%
2012-09-30	22.88	0.09	22.79	24.41	93.8%
2012-06-30	23.84	0.92	22.91	25.27	94.3%
2012-03-31	24.06	0.71	23.35	25.45	94.6%
2011-12-31	24.43	0.04	24.39	25.85	94.5%
2011-09-30	24.93	0.61	24.31	26.24	95.0%
2011-06-30	23.61	0.62	22.98	24.87	94.9%
2011-03-31	24.07	0.01	24.06	25.29	95.1%
2010-12-31	24.67	0.28	24.39	25.89	95.3%
2010-09-30	27.39	0.01	27.38	28.59	95.8%
2010-06-30	27.43	0.68	26.75	28.57	96.0%
2010-03-31	25.76	0.33	25.43	26.84	96.0%
2009-12-31	24.81	0.01	24.79	25.88	95.9%
2009-09-30	26.59	0.33	26.25	27.59	96.4%
2009-06-30	27.17	0.01	27.16	28.11	96.7%
2009-03-31	27.13	1.23	25.90	28.09	96.6%
2008-12-31	26.79	0.19	26.60	27.85	96.2%
2008-09-30	28.00	1.10	26.91	28.97	96.7%
2008-06-30	27.53	0.02	27.51	28.43	96.8%
2008-03-31	29.13	0.02	29.11	30.02	97.0%
2007-12-31	28.12	0.11	28.00	29.16	96.4%
2007-09-30	28.23	0.16	28.08	29.34	96.2%
2007-06-30	27.79	0.11	27.69	28.87	96.3%
2007-03-31	26.54	0.12	26.42	27.61	96.1%
2006-12-31	25.56	0.11	25.46	26.80	95.4%
2006-09-30	24.69	0.29	24.40	25.89	95.4%
2006-06-30	24.33	0.10	24.23	25.55	95.2%
2006-03-31	22.67	0.10	22.57	23.80	95.2%
2005-12-31	21.67	0.10	21.57	22.80	95.1%
2005-09-30	17.42	0.08	17.34	18.31	95.1%
2005-06-30	16.58	0.09	16.49	17.31	95.8%
2005-03-31	15.32	0.04	15.28	16.03	95.6%
2004-12-31	14.30	0.04	14.26	15.16	94.3%
2004-09-30	13.53	0.05	13.48	14.11	95.8%
2004-06-30	12.84	0.06	12.78	13.46	95.4%
2004-03-31	12.14	0.10	12.04	12.63	96.1%
2003-12-31	11.37	0.20	11.17	11.93	95.3%